Lookingf or a hotel near Madison Squar e Gardens? The World's Most Famous Arena" brings world-class sports, music and entertainment to Midtown Manhattan. Madison Square Garden is a premier multipurpose event venue located right above Penn Station. Sports enthusiasts can enjoy college basketball, boxing, and tennis matches, or cheer on home teams like the New York Knick's or the New York Rangers. Madison Square Garden also plays host to the biggest concerts in town.